Discounts fail to lure oil buyers as Libya seeks to bypass Tripoli

April 14, 2015 1:37 PM

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CAIRO/BENGHAZI (Reuters) - Libya's official government, holed up in the east after being forced to flee the capital, is struggling to sell crude oil under a new system it has devised in an attempt to bypass a rival administration in Tripoli.

Buyers are reluctant to take advantage of discounts on offer because they are unsure who exactly owns the oil being marketed by the eastern government, even though it is internationally recognized following an election last year, oil officials and insiders say.